| [1] | Example mentioned at the linked Foreign Affairs article:
This is the Council on Foreign Relations publication. It generally predicts five to twenty years out institutional changes and what is on the horizon before it happens. The topics addressed are issues of concern to the CFR and not necessarily reflect official position or consensus among the elite, but . http://www.foreignaffairs.com/articles/143162/paul-vigna-and-michael-j-casey/bitcoin-for-the-unbankedThere is a clear split. The central banks dont like Bitcoin, the tax authorities are neutral because it is so heavily centralized on Coinbase and Bitpay that it can be taxed automatically. The income is "matchable" if it goes through bitpay/coinbase. The upper tiers support Bitcoin and vaguely hope it may be able to reign in the FED or generally believe it will promote justice in the world. They see banks seizing houses they dont own and selling them without even pretense. They understand the FED and financial sector group is too powerful to be restrained by law... There is a sincere intention that technologies like Bitcoin may get the poor or anyone with a cell phone onto the global financial system. There is a split between the interests... Bitcoin is really a war of the 1% against the 0.00001%.I wrote my response to your post before you wrote your post: Also don't assume TPTB are against Bitcoin. I think they love it. The overriding globalists want to destroy the existing monetary system and replace it with a global control. A global non-anonymous ledger is a coup for them.
member
Activity: 98
Merit: 10
And what is wrong with my type of people?
Warlordism sucks. That is where you are headed with the attitude that every man can be his own island. I actually believe in society even though I have a strong isolationist (or independence) leaning. I believe in trade and interaction, while respecting independence and individual property. Edit: rural cooperatives might work (e.g. the Amish if the rest of society respects their right to do that and the cooperatives don't fracture due to competition, game theory, and disagreement over culture, influence, etc.) but it is more likely they will overrun (significantly disrupted) by those who are more ruthlessly violent. Don't forget that society is a power vacuum, and Max Weber's defintion of the State applies. Problem is that such small scale, low efficiency paradigms can't compete. Water flows downhill not uphill; society yearns for prosperity not going back to the 1700s.
legendary
Activity: 1582
Merit: 1019
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My new math:
Bullets + Bread + Bullion + Shelter + Crypto + (Cooperatives * Trust) = Security
You do not comprehend what you asking for. You are exactly the people I don't want to be any where near when the USA heads into the abyss after 2016. This is why the USA will go into extreme chaos. There is an extreme right and an extreme left, and no rationality in between. Either do I. That is why I left. And it won't just be the USA. It will be global. And what is wrong with my type of people? I fully comprehend.
legendary
Activity: 3878
Merit: 1193
it needs to have a popular use case that can't be done with the fiat banking and financial system.
My favorite use case is international sales. There is no existing fast, cheap, secure method of selling goods to international customers.
member
Activity: 98
Merit: 10
My new math:
Bullets + Bread + Bullion + Shelter + Crypto + (Cooperatives * Trust) = Security
You do not comprehend what you asking for. You are exactly the people I don't want to be any where near when the USA heads into the abyss after 2016. This is why the USA will go into extreme chaos. There is an extreme right and an extreme left, and insufficient rationality in between. Big smash up F.U.B.A.R. coming. P.S. I don't dislike you as a person. We have agreed on some other points. I am talking about my survival only, not my personal feelings about you as a person.
legendary
Activity: 1582
Merit: 1019
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We will never stop the mass delusions of crowds, whether it be rampant speculation in Florida real estate in the 1920s, ETFs in the 2000s, the South Sea Tulip bubble, etc.. Thus consternation over what is natural in human nature is pointless. The more salient point I am making is that in order for decentralized banking and finance to gain critical mass, then it needs to have a popular use case that can't be done with the fiat banking and financial system. That use case is nefarious activities. The positive feedback loop is that those who earn a profit in nefarious activities, thus also have a need for anonymity. The mainstream has no need for decentralized crypto-currency nor anonymity, other than the speculative value. The mainstream is sliding into a deflationary abyss, but they don't know or don't care. We have to create the release valve new economy critical mass, else we get dragged down with the mainstream into F.U.B.A.R.. My new math: Bullets + Bread + Bullion + Shelter + Crypto + (Cooperatives * Trust) = Security
member
Activity: 98
Merit: 10
We will never stop the mass delusions of crowds, whether it be rampant speculation in Florida real estate in the 1920s, ETFs in the 2000s, the South Sea Tulip bubble, etc.. Thus consternation over what is natural in human nature is pointless. The more salient point I am making is that in order for decentralized banking and finance to gain critical mass, then it needs to have a popular use case that can't be done with the fiat banking and financial system. I assert that use case is "nefarious activities"[1]. The positive feedback loop is that those who earn a profit in nefarious activities, thus also have a need for anonymity. The mainstream has no need for decentralized crypto-currency nor anonymity, other than the speculative value. The mainstream is sliding into a deflationary abyss, but they don't know or don't care. We have to create the release valve new economy critical mass, else we get dragged down with the mainstream into F.U.B.A.R.. | [1] | Which the anarcho-libertarian views as righteous freedom and maximally economic, i.e. not nefarious; rather it is statism that is nefarious. Nefarious for the Libertarian is Max Weber's definition of the state using force to violate property rights. |
legendary
Activity: 1582
Merit: 1019
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They are evil incarnate. They are like paper heroin manufactured by the Global-Fascist Cartel and gobbled up by dumbed-down eager investors who listen to the broker or go at it solo as day traders. Yes the whole shit shoe is a scam. Debt-based fiat is another flavor of the same paper heroin made by the same scum. We, as a species, are being attacked on many fronts 24-7. Once one awakens to this evil and sees the world in all of its gory nakedness one reaches a point where information overload starts making one ignore a lot of 'news'. It is nothing but spoon-fed pablum of the same evil. It is called Television Programming for a reason.
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Activity: 98
Merit: 10
legendary
Activity: 2968
Merit: 1198
True, but if people prefer to own ETFs rather than own Bitcoins then that is a fault of Bitcoin, not of the users. The technology isn't meeting the needs of the target market.
The underlying root of why ETFs exist is greed. It is not Bitcoin's fault. People can be (and many are) just as greedy with Bitcoin. The reason ETFs (will) exist is they are easier (in almost every way), safer ( in some ways), and more compatible with the existing system of laws and regulations (especially for mid-market professional investors) while offering similar upside. Easier, sure, because that this the way to lure in the suckers. If you don't hold it. You don't own it. ETFs are a scam. All derivatives are a scam. When they crash, and they will, they will bring the global economy to its knees unlike anything we have ever seen. Those that have prepared will prosper. 2008 was a test run. There will be no bailing out this next shit storm. TPTBs only recourse will be to distract us with a global war. I give it about 6 years. Stay away. I'm not recommending them, and you will note the bolded phrase above was put there for a reason. I'm just observing things as they are.
legendary
Activity: 1946
Merit: 1055
Please stop replying to that lame attempt at an AnonyMint copy. It's obvious he's just paraphrasing him, with all his 2015.75, Armstrong this, confiscation that. I don't have specific advise Also, AnonyMint would never mistake "advise" for "advice". iamback = AnonyMint = TheFascistMind = UnunoctiumTesticles = contagion Having been following his posts for a while and communicating occasionally by PM both with AnonyMint and more recently with iamback I can say this with certainty.
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Activity: 98
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but may require shooting intruders/raiders if things get ugly.
Necessary already in Argentina, Ukraine, much of the Middle East, etc. Ferfal explains elsewhere in his blog that if you shoot the intruder then you go to jail and/or your guns are confiscated. If Homeland security doesn't declare martial law and take your weapons. And our European readers (other than Finland) are usually not allowed to own guns. The problem with the hunkering down is it causes the velocity of money to collapse and society goes F.U.B.A.R.. It would be much preferable for us to find a way to route around the contagion of the deflationary abyss. If there can be a fledgling rise in the number of people who earn an independent income on the internet (which is right on time with the shift from the Industrial to the Knowledge age), there can be counterbalance to deathstar of the existing banking, finance, and industrial age top-down system. So where should we begin to create this? My idea is Silk Road and other nefarious activities. Note the semantic duality. What is nefarious to the deathstar is righteous, anarcho-libertarian, and freedom for the future. And where is most of the demand for Crypto? Silk Road! Gambling! Hiding wealth! Etc.. Nefarious activities and speculation.
The people with the money, want something that is stable for settlement and which has low volatility.
This is not a currency market because the money just sits there, rather it is a store-of-value market. There are several problems with targeting this market which also plague Bitcoin and every altcoin. Actually that market will not invest for safety and stability because cryptocurrency will not be reliably safe and stable for decade or more. That won't help us in the near-term to produce an altcoin. Instead you'll end up only with the speculative investors, which is all that cryptocurrencies are except for Bitcoin. Bitcoin has actually become an alternative means to pay for things when the ignominy of credit cards is not acceptable. In short, the entire market for cryptocurrency is: 1. Speculation 2. Nefarious activity You either accept this market reality or fail.
legendary
Activity: 1582
Merit: 1019
011110000110110101110010
True, but if people prefer to own ETFs rather than own Bitcoins then that is a fault of Bitcoin, not of the users. The technology isn't meeting the needs of the target market.
The underlying root of why ETFs exist is greed. It is not Bitcoin's fault. People can be (and many are) just as greedy with Bitcoin. The reason ETFs (will) exist is they are easier (in almost every way), safer (in some ways), and more compatible with the existing system of laws and regulations (especially for mid-market professional investors) while offering similar upside. Easier, sure, because that this the way to lure in the suckers. If you don't hold it. You don't own it. ETFs are a scam. All derivatives are a scam. When they crash, and they will, they will bring the global economy to its knees unlike anything we have ever seen. Those that have prepared will prosper. 2008 was a test run. There will be no bailing out this next shit storm. TPTBs only recourse will be to distract us with a global war. I give it about 6 years. Stay away.
member
Activity: 98
Merit: 10
I don't have specific advise Also, AnonyMint would never mistake "advise" for "advice". I actually corrected that typo before seeing your post. I am undergoing a treatment regimen which down regulates the ATP energy production of the cells, and it appears to be causing me to slur my words and neurological impacts. I awaken tired to start each day. Then I have to take EGCG to gain enough energy to function. Also that was after midnight for me, after an entire day of work and I willl be age 50 in June. Also on standardized tests I only scored in the 85 - 90% percentile on the output of language (spelling, composition, grammar). My entire life I have noticed I type words that I did not think yet that have some phonetic proximity and sometimes I did read from the end to the start of sentences and paragraphs (some form of mild austism?). I did score near the 100th percentile in reading comprehension, reading speed, math, and abstraction (mathematical visualization). It appears that my brain wants to process all the information simultaneously and does not want to serialize the information, i.e. the output of each word one-by-one instead of all the words simultaneously. In my current physical condition and age, I particularly loath to read long text that is not informationally and purposefully dense.
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